Yorkshire Water Price Increase (6.1%?)

[Cyclone 10]

Yorkshire Water do this every year there obviously out of touch with the state of the ecomeny they wack up the price and then expect you to not use the water because of there failure to sort out this drought threat which should have been sorted after the 1976 water shortage.

Where the hell does all the money go they certanly dont invest it back into the system.

Yorkshire water make me sick and I can't think of a more selfish money grabbing company than them, the Council come a close second but thanks to the Government and not them Councl tax has been frozen, maybe the Government should intervene here to

 

Aren't you describing basic business practice? The entire point of a company existing is to make as much money (in the long term) as it can.

[Cyclone 10]

If you don't have a meter aren't water bills based on the rateable value of your home?

Yes they are.

Darth must have a big house if he's paying over £600 so therefore he can afford it (that's how SF logic works isn't it?)

 

Didn't he say that it was a 2 bed? He didn't mention living in a mansion.

 

It does seem reasonable that you pay based on the value of your property, if you don't think that's fair you can always request a water metre.

[Cyclone 10]

It's not a level playing field, Cyclone, though. If I think my butcher is charging too much, I can go elsewhere.

 

What it comes down to, is that these companies are becoming greedier and greedier and it's a total disgrace when hardworking families are struggling and told they must have a pay freeze again.

 

I agree that privatising utilities was a mistake, by definition they are a monopoly, so to sell them off is to give someone a license to print money. Maybe water should be made like gas and electricity, or better it should be regulated in it's pricing by government, even if it is to be left in private ownership.

[truman 10]

It does seem reasonable that you pay based on the value of your property, .

 

Why? Genuine question..what does the value of your house have to do with the amount of water you use..?

[Cyclone 10]

Why? Genuine question..what does the value of your house have to do with the amount of water you use..?

 

Assuming that house prices are fairly homogenous across an area, houses worth more will be bigger (including having bigger gardens, etc...).

 

House size correlates quite well (although not perfectly) with family size and having a larger garden means using water for plants more often.

 

I don't expect that it's a perfect fit, but I'd think that higher value houses generally use more water.

 

There might also be a throwback to the relationship to council tax, higher value houses don't actually use more council services, but they are charged more, it's the 'from each what they can afford' bit of socialism isn't it!

[biotechpete 10]

I agree that privatising utilities was a mistake, by definition they are a monopoly, so to sell them off is to give someone a license to print money. Maybe water should be made like gas and electricity, or better it should be regulated in it's pricing by government, even if it is to be left in private ownership.

 

The water industsry is regulated in a very similar way to the energy industry by Ofwat. They have agreed the increase to fund investment.

From the link in my OP:

In 2009 the industry regulator, Ofwat, announced a five-year plan of annual rises from 2010 to 2015 to help fund £22bn of investments.

 

Though as far as I can see, we in the YW region are getting among the smallest amount of investment in return for the biggest increases.